ARTICLE · 03 SEPTEMBER 1998
Trust Law Part II - Creation Of International Trusts
5. An international trust may only be created by instrument in writing
Presumption against
avoidance of trust.
6. An international trust that does not contain a power of revocation is irrevocable by the settlor or his legal personal representative notwithstanding that the trust is voluntary
Duration of trust and accumulation of income
7.(1) Subject to subsection (2), a trust terminates on the one hundredth anniversary after the date of its creation, if not sooner terminated in accordance with the term of the trust instrument.
(2) Subsection (1) does not apply to a purpose trust or a trust established exclusively for charitable purposes, such a trust may continue in force without any limit as to time.
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